Asean Free Trade

ASEAN Free Trade Area is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries
The AFTA agreement was signed on 28 January 1992 in Singapore.

News Quote: "Certain industrial sectors of the Indonesian economy that are not yet ready for the ASEAN Free Trade Area (AFTA) and ASEAN-China Free Trade Area (ACFTA) effective January 1,2010 may be forced to reduce or stop entirely their operations and thus cause the laying off of perhaps millions of workers." - Indonesia4:43 AM

News Quote: "PHUKET CITY (The Nation): An executive decree will be issued shortly to raise the excise tax ceiling on alcoholic beverages in preparation for the implementation of the Asean Free Trade Area (Afta) agreement on January 1, a Finance Ministry source said yesterday." - Thailand5:41 AM

News Quote: "TOKYO: Proton Holdings has to be more competitive in the global automotive industry, especially with the opening of new markets due to the Asean Free Trade Area and free-trade agreements." - Malaysia10:51 AM